Kaiser Permanente to acquire Seattle's Group Health - Spokane, North Idaho News & Weather KHQ.com

Kaiser Permanente to acquire Seattle's Group Health

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Kaiser Permanente, the California-based health care and insurance provider, says it will acquire Seattle's Group Health Cooperative. Kaiser Permanente, the California-based health care and insurance provider, says it will acquire Seattle's Group Health Cooperative.
SEATTLE -

Kaiser Permanente, the California-based health care and insurance provider, says it will acquire Seattle's Group Health Cooperative.
    
The proposed deal announced Friday would add about 590,000 members to Kaiser, which already serves about 10 million people across the country.
    
Officials said no immediate changes are planned in coverage and care for current members. The transaction is subject to approval by Group Health's voting membership and by regulators.
    
Washington Insurance Commission Mike Kreidler said he would scrutinize the deal "very closely."
    
He told The Seattle Times he was concerned about protecting consumers in Washington state.
    
The Oakland, Calif.-based Kaiser Permanente has $60 billion in annual revenue and operates in seven regions, including Colorado, Georgia, Hawaii, the mid-Atlantic states, Northern California, Southern California and the Northwest, including Oregon and parts of southwest Washington.

(Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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